Volkswagen Passat Insurance Rate Quotes in Raleigh

It’s astonishing, but 70% of consumers have purchased from the same company for at least the last four years, and almost 40% of drivers have never quoted car insurance rates at all. With the average car insurance premium being $1,847, U.S. drivers could cut their rates by almost $859 a year just by shopping around, but they think it’s difficult to find cheap rates by getting comparison quotes.

If you want to find the absolute lowest rates, then the best way to get low-cost auto insurance rates in Raleigh is to compare quotes annually from insurers who sell auto insurance in North Carolina. You can compare prices by following these guidelines.

First, take a little time to learn about car insurance and the factors you can control to prevent rate increases. Many things that result in higher prices like accidents, careless driving, and a low credit rating can be amended by improving your driving habits or financial responsibility.

Second, compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like GEICO or Allstate, while independent agents can quote prices from multiple insurance companies. Get quotes now

Third, compare the new quotes to your current policy premium to determine if switching companies saves money. If you can save money and make a switch, make sure there is no lapse in coverage.

Fourth, give notification to your current company of your decision to cancel your current policy. Submit payment and a completed application for your new policy. As soon as you have the new policy, safely store the certificate verifying coverage with the vehicle registration.

An essential thing to point out is to make sure you enter similar coverage information on every quote and to quote with every company you can. This enables a level playing field and and a good selection of different prices.

If you’re already insured, you will be able to find the best rates using the concepts you’re about to learn. Finding affordable coverage in Raleigh is really quite easy. But North Carolina car owners must comprehend the way insurance companies compete online because rates are impacted by many factors.

The best way to get policy rate comparisons for Volkswagen Passat insurance in Raleigh is to know the fact most of the bigger providers will pay a fee to give rate comparisons. To begin a comparison, all you need to do is give the companies some data including types of safety features, if you lease or own, whether you drive to work or school, and whether you are single or married. That rating information is submitted instantly to multiple different insurance companies and they provide comparison quotes quickly.

To find lower lower-cost Volkswagen Passat insurance rates now, click here and find out if lower rates are available in Raleigh.

The providers in the list below provide free quotes in Raleigh, NC. To buy cheap car insurance in North Carolina, we suggest you visit as many as you can to find the cheapest auto insurance rates.

Discount Raleigh auto insurance rates

Auto insurance is not inexpensive, but you might be missing out on some discounts that can drop the cost substantially. A few discounts will automatically apply when you get a quote, but some discounts are required to be inquired about before being credited.

• Safe Driver Discounts – Insureds without accidents can save as much as half off their rates as compared to drivers with claims.
• Early Renewal Discounts – A few auto insurance companies offer discounts for buying a new policy prior to the expiration date on your current Passat insurance policy. You can save around 10% with this discount.
• Paper-free Discount – A few companies may give you up to $50 for buying your policy on your computer.
• Low Mileage – Driving less could be rewarded with better auto insurance rates on cars that stay parked.
• Good Student – This discount could provide a savings of up to 20% or more. Earning this discount can benefit you up until you turn 25.
• Multiple Policy Discount – When you combine your home and auto insurance with one company you could earn a discount of up to 20% off your total Passat insurance premium.
• Own a Home and Save – Owning a home in Raleigh can save a few bucks since owning and maintaining a home is proof that your finances are in order.

Please keep in mind that most credits do not apply to the whole policy. Most cut individual premiums such as comp or med pay. Just because you may think all the discounts add up to a free policy, it doesn’t quite work that way.

The illustration below compares Volkswagen Passat insurance premiums with and without discounts applied to the policy rates. The premiums are based on a female driver, no accidents or driving violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, multi-policy, claim-free, and homeowner discounts applied.

If you would like to view providers who offer online Volkswagen Passat insurance quotes in Raleigh, click here to view.

Volkswagen Passat coverage analysis

The rate information below covers different policy rates for Volkswagen Passat models. Learning a little about how insurance policy premiums are formulated helps drivers make informed decisions when comparing rates.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Price information does not factor in your specific Raleigh location which can impact auto insurance rates considerably.

Insurance deductibles

One frequently asked question is how low should you set your deductibles. The data tables below determine the rate fluctuation of buying low and high deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rates do not factor in vehicle garaging location which can influence auto insurance rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $21 more each month or $252 for a full year averaged for all Passat models than opting for the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you have more than 36 months between claim filings, you would most likely save money if you choose a higher deductible.

How much more does full coverage cost?

The example below shows the comparison of Volkswagen Passat insurance premiums with liability coverage only compared to full coverage. The costs are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are applied to the premium.

When to buy liability coverage only

There is no definitive rule for excluding physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Volkswagen Passat book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the deductible is paid. If premiums are more than $200 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where buying only liability insurance is not advised. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Local insurance agents

A lot of people just prefer to sit down with an agent and that is recommended in a lot of cases The biggest benefit of comparing insurance prices online is that you can obtain the best rates and still buy from a local agent. Supporting local insurance agencies is important particularly in Raleigh.

After filling out this quick form, the coverage information gets sent to local insurance agents in Raleigh who will give you quotes for your coverage. There is no need to contact an agency due to the fact that quote results will go directly to you. You can get cheaper insurance rates and a licensed agent to work with. If you wish to compare rates for a specific company, you just need to search and find their rate quote page and complete a quote there.

Two different types of car insurance agents

If you’re trying to find a local Raleigh insurance agent, you must know there are a couple different types of agents and how they are slightly different. Insurance policy providers are classified as either exclusive or independent.

Independent Insurance Agencies

These agents are not locked into one company and that gives them the ability to insure with lots of companies and find you the best rates. If they find a lower price, they can switch companies in-house and you don’t have to switch agencies.

If you are comparing rate quotes, you absolutely need to check rates from several independent insurance agents so that you have a good selection of quotes to compare.

Below is a partial list of independent insurance agents in Raleigh that may be able to provide rate quotes.

More insurance agents

Exclusive Agents

Agents that choose to be exclusive write business for a single company and examples are AAA, State Farm, Farmers Insurance, and Allstate. These agents are unable to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. They receive a lot of sales training on their products and sales techniques which helps overcome the inability to quote other rates.

Listed below are exclusive agents in Raleigh willing to provide price quotes.

More insurance agents

Choosing a insurance agent should include more criteria than just the bottom line cost. These are some questions your agent should answer.

• How will an accident affect your rates?
• Do they have any clout with companies to ensure a fair claim settlement?
• Does the agency have a positive business rating?
• Do they assist clients in filing claims?
• Does the company have a solid financial rating?

When do I need an agent’s advice?

Always keep in mind that when comparing a policy for your personal vehicles, there really is not a one-size-fits-all type of policy. You are unique and your auto insurance should unique, too.
These are some specific questions might help in determining if your situation might need professional guidance.

• Why does it cost so much to insure a teen driver in Raleigh?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Do I have coverage when pulling a U-Haul trailer?
• How much underlying liability do I need for an umbrella policy?
• What if I don’t agree with a claim settlement offer?
• How many claims can I have before being canceled?
• Is my son or daughter covered when driving my car?
• What is an umbrella policy?
• Do I have coverage when using my vehicle for my home business?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area.

Volkswagen Passat Insurance Rates Can Be Reduced

Multiple criteria are used in the calculation when premium rates are determined. Some are obvious like a motor vehicle report, although others are not as apparent such as your credit history or how safe your car is. A large part of saving on car insurance is knowing the rating factors that aid in calculating your premiums. When you understand what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to better car insurance rates.

• How much liability protection – The liability section of your policy will protect you in the event that a jury decides you are liable for causing personal injury or damage in an accident. This coverage provides legal defense which can cost thousands of dollars. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.

• Type of car determines base prices – The performance of the vehicle you are trying to find cheaper insurance for makes a substantial difference in your premium level. The most favorable rates tend to be for lower cost passenger cars, but your final cost has many other factors.

  The chart below assumes a married male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It compares Volkswagen Passat rates compared to other makes and models that have a range of performances.

• Lower rates with a multi-policy discount – Many car insurance companies provide better rates to customers who have multiple policies with them such as combining an auto and homeowners policy. Even though this discount sounds good, you still need to compare other Raleigh Passat insurance rates to guarantee you are still saving the most. You may still find better rates by buying from different companies

• Accidents can increase prices – Having a clean driving record can have a huge impact on auto insurance premiums. Having just one moving violation can increase rates by as much as twenty percent. Good drivers get better prices compared to bad drivers. Drivers who have serious tickets like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with their state’s licensing department in order to legally drive a vehicle.

  The information below illustrates how speeding tickets and accident claims can increase Volkswagen Passat annual premium costs for each age group. The data assumes a single female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

• Teen drivers are expensive to insure – Mature drivers tend to be more responsible, cost insurance companies less in claims, and get fewer tickets. Drivers with little experience are statistically proven to be inattentive when at the wheel of a vehicle so car insurance rates are higher.

  The next chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Volkswagen Passat claim probability – Insurance companies use past loss statistics for each vehicle when setting rates for each model. Vehicles that the data shows to have increased claim numbers or amounts will have higher premium rates. The next table illustrates the historical loss data for Volkswagen Passat vehicles.

  For each policy coverage, the statistical loss for all vehicles averaged together is set at 100. Values under 100 suggest a better than average loss history, while values over 100 indicate more frequent losses or larger claims.

  
  

  Insurance Loss Ratings for Volkswagen Passat Vehicles

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volkswagen Passat	101	99	99	111	113	102

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Why you need vehicle insurance in North Carolina

Despite the potentially high cost of Volkswagen Passat insurance, paying for auto insurance is mandatory in North Carolina but it also protects more than you think.

• Almost all states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount of liability coverage if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your Passat with a loan, almost every bank will make it a condition of the loan that you buy insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender may insure your Volkswagen at a more expensive rate and require you to pay much more than you were paying before.
• Insurance protects both your assets and your Volkswagen. Insurance will also pay for medical bills incurred in an accident. Liability coverage also pays expenses related to your legal defense if anyone sues you for causing an accident. If your Volkswagen gets damaged, your auto insurance policy will cover the repair costs.

The benefits of carrying enough insurance more than cancel out the cost, specifically if you ever have a liability claim. Unknowingly, the average driver is wasting up to $855 a year so smart consumers compare quotes each time the policy renews to be sure current rates are still competitive.

North Carolina car insurance companies ranked

Picking the best insurer can be a challenge considering how many different companies there are to choose from in Raleigh. The ranking data listed below may help you choose which car insurance providers you want to consider when shopping your coverage around.

Top 10 Raleigh Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. The Hartford – A+
9. Allstate – A+
10. Nationwide – A+

Top 10 Raleigh Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Travelers – 88%
7. Progressive – 88%
8. Safeco Insurance – 88%
9. State Farm – 88%
10. Allstate – 88%

More quotes mean more insurance savings

Low-cost Volkswagen Passat insurance in Raleigh can be purchased online as well as from independent agents in Raleigh, so you need to quote Raleigh auto insurance with both to have the best rate selection. Some companies may not provide online rate quotes and many times these regional insurance providers sell through local independent agencies.

As you prepare to switch companies, never buy less coverage just to save a little money. There are too many instances where an insured dropped comprehensive coverage or liability limits to discover at claim time that it was a big mistake. The aim is to buy enough coverage for the lowest cost, but don’t skip important coverages to save money.

Other information

• Rental Reimbursement Coverage (Allstate)
• How Much are Auto Insurance Quotes for Infrequent Drivers in Raleigh? (FAQ)
• How Much is Raleigh Car Insurance for a GMC Sierra? (FAQ)
• What Insurance is Cheapest for a Jeep Wrangler in Raleigh? (FAQ)
• What Auto Insurance is Cheapest for High Mileage Drivers in Raleigh? (FAQ)
• Eight Auto Insurance Myths (Insurance Information Institute)
• Distracted Driving (Insurance Information Institute)
• Teen Driver Licensing Information (iihs.org)